Anglo American (OTCMKTS:NGLOY) Cut to Strong Sell at Royal Bank of Canada

Royal Bank of Canada downgraded shares of Anglo American (OTCMKTS:NGLOY) from a hold rating to a strong sell rating in a report published on Wednesday,Zacks.com reports.

Several other research analysts have also recently issued reports on the company. Berenberg Bank cut Anglo American from a “hold” rating to a “strong sell” rating in a research note on Friday, October 25th. Jefferies Financial Group upgraded shares of Anglo American from a “hold” rating to a “buy” rating in a research report on Friday, November 29th. Finally, Citigroup upgraded shares of Anglo American to a “strong-buy” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Anglo American currently has a consensus rating of “Moderate Buy”.

Anglo American Price Performance

Shares of NGLOY stock opened at $15.54 on Wednesday. Anglo American has a 12-month low of $10.69 and a 12-month high of $17.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.98 and a quick ratio of 1.33. The business has a 50 day simple moving average of $15.09 and a 200 day simple moving average of $14.97.

Anglo American Company Profile

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.